Funding you earn now, next payment 08:00 UTC+0.2527%/8h= +276.7% APRnext payment +$25.27 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Phemex−0.596%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$422as in the Funding arb table
Net, price: spread back to 7d avg − costs−$451as in the Price arb table
costs, in and out, $10k−$3863.863% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)+0.527%+$53 · spread now −0.596%, 7d avg +0.050%
=Funding pays, the price is against you. Bitget is 0.646% cheaper against Phemex than usual: you would sell low and buy high (spread −0.596% now, against its 7-day average of +0.050%). If the spread goes back, that is −$65 on $10k: about 20 hours of funding at the current rate (+$76 a day). Mind the row above: over the last 7 days funding on this pair cost −0.352%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.352% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$25.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKDDUSDT | 7.0500 | 0 | get 0.0000% / 8h | 1h 31m | $689K | $94K | 20x |
| Short | Bitget SKDDUSDT | 7.0080 | 0.2527 | get 0.2527% / 8h | 1h 31m | $184K | $202K | 20x |
Phemex SKDDUSDT
Bitget SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $530.67
- Price spread: −0.596% → +0.050%
- −$64.57
- Slippage, 4 orders
- −$362.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $79.77
- Costs to cover
- 3.863%
- Break-even
- 5.9 days
Slippage from Phemex: live order book, 11 min ago; Bitget: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 11 min ago | 21.38 bp | 139.0 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 5.70 bp | 17.4 bp −$17 | 42.1 bp −$421 | doesn't fit | doesn't fit |
SKDD on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKDDUSDC | −0.0352% | 4h | 7.0414 | −0.123% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0561 | +0.086% | $352K | $1.2M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0600 | +0.142% | $57K | $155K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0570 | +0.099% | $392K | $950K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0690 | +0.270% | $120K | $28K | 20x | as long as short |
| Phemex SKDDUSDTlong | 0.0000% | 8h | 7.0500 | long leg | $689K | $94K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0580 | +0.113% | $2K | $50K | 20x | as long as short |
| Bitget SKDDUSDTshort | +0.2527% | 8h | 7.0080 | −0.596% | $184K | $202K | 20x | |
| MEXC SKDD_USDT | +0.2949% | 8h | 7.0540 | +0.057% | $875K | $132K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT